January 1, 1912.] 



THE INDIA RUBBER WORLD 



191 



News of the American Rubber Trade. 



BOSTON BELTING CO.'S ANNUAL. 



At the recent annual meeting of the Boston Belting Co. the 

 directors were re-elected: Thomas A. Forsyth, J. H. D. Smith, 

 Lewis M. Crane, Charles H. Moseley, Francis tl. Stevens, Wil- 

 liam H. Furber and George A. Miner. Thomas A. Forsyth was 

 re-elected president; J. H. D. Smith, treasurer and clerk; and 

 Thomas Lang, Jr., and Charles J. Upham, auditors. The bal- 

 ance sheet as of September 30, 1911 — with comparative figures 

 for the preceding year — is appended : 



ASSETS. 



1910. 1911. 



Real estate— land and buildings.. $324,711.85 $324,711.85 



Machinery 1 u^a^aoA. j 268,578.25 



Tools, furniture and fi.xtures I Jt"- •"''^■^t \ 99,013.10 



Cash 79,618.73 39,806.49 



Bonds receivable 82,340.00 t 



Notes receivable 841.72 074711^1 



Investment account 613,000.00 f »'^^./Ji-Oi 



Account receivable 120,089.44 J 



Merchandise 983,002.08 878,673.48 



Trademarks I 7Q,7ir I 100.00 



Sundries / ^'^''-^^ \ 50.00 



Total $2,559,609.91 $2,485,664.78 



LI.'\BILITIES. 



Capital $1,000,000.00 $1,000,000.00 



Reserve fund 800,000.00 800,000.00 



Profit and loss 337.609.91 222,164.78 



Notes payable 422,000.00 454.000.00 



Unsettled bills 9,500.00 



Total $2,559,609.91 $2,485,664.78 



THE HUBBER CLTJB DINNER, 



The midwinter dinner of the Rubber Club of America will be 

 held at the Waldorf-Astoria, New York, on the evening of 

 January 12. The president of the club, F. C. Hood, will 

 preside at the dinner and a large attendance is expected. The 

 signal success of the first New York dinner, held a year ago, 

 will naturally have the effect of bringing out a full number for 

 the second dinner. The speakers have not yet been announced, 

 but several speakers of national reputation have been invited and 

 are expected to be present. 



THE DAVOL SELLING MEN GET TOGETHER. 



On December 18, 19 and 20 there was held at the factory office. 

 Providence, Rhode Island, the annual gathering of the Davol 

 Rubber Co.'s sales force. 



Tliose attending, in addition to Charles J. Davol, the president 

 and general manager, were P. Raymond Wesley, sales man- 

 ager ; Ed. J. George, of Pewankee, Wisconsin, western repre- 

 sentative ; O. Neidenstein, of Brooklyn, New York, representative 

 in the metropolitan district; Raymond J. Fries, the eastern 

 representative, who resides in New York, and J. A. Burgess, of 

 Charleston, South Carolina, who covers the South Atlantic 

 States. There were also two new members, one being Lewis G. 

 Abbott, who recently resigned as sales manager of the Davidson 

 Rubber Co., of Boston, with which he had been associated during 

 a continuous period of twenty-six years. Mr. Abbott will be 

 located in Boston and will cover the New England States. The 

 other new member was E. G. Hartwell, of Detroit, Michigan, 

 who will cover the Southern Central States formerly visited by 

 H. H. McGee during his connection with the Davol company. 



The only absentee was George A. Sheehan, of San Francisco, 

 who looks after the Davol interests on the Pacific Coast. 



Shortly after January 1 offices will be opened for the display 

 of Davol products in the cities of New York and Boston. These 

 two new offices, with those now maintained in Chicago, San 

 Francisco and Charleston, South Carolina, will enable each 

 salesman to show to buyers in his territory a complete line of 

 the druggist rubber sundries made at the Providence factory. 

 Mr. Abbott will be at the Boston office, in the Old South build- 

 ing, and Mr. Fries will be at the New York office, in the Barclay 

 building, corner Broadway and Duane street. 



After two days devoted solely to matters of business, a day 

 was pleasantly spent in social diversions, and in the evening the 

 annual dinner occurred at the well-known Providence home of 

 Joe Smith, famous all over that section of country for his 

 broiled chicken and Johnny cakes. Mr. Neidenstein, at the 

 close of the dinner, was moved to offer the following toast, 

 appropriate to the occasion : 



"Here's to you, old friend, may you live a thousand years. 

 Just to sort of cheer things in this vale of human tears ; 

 And may' I live a thousand, too — a thousand — less a day, 

 'Cause I wouldn't care to be on earth and hear you'd passed 



away." 

 At parting "Joe" presented the boys with a little souvenir as 

 usual, and received the unanimous promise to visit him again 

 next year after the general meeting ends. 



RUBBER GOODS MANUFACTURING CO. DIVIDENDS. 



A dividend of 3 per cent, was declared on the common stock 

 of the Rubber Goods Manufacturing Co. December 6. This com- 

 pares with 2 per cent, three months ago. 1 per cent, six months 

 ago and 2 per cent, last March, making 8 per cent, for the year. 

 The usual quarterly dividend of 1J4 per cent, was also declared on 

 the preferred. In 1908 the company paid 4 per cent., and in 1909 

 and 1910 only 1 per cent, on its common stock. This year's 

 dividend is consequently considerably the largest in the history 

 of the company. Nearly all of this common stock is held by 

 the United States Rubber Co. 



RUBBER SECTION— AMERICAN CHEMICAL SOCIETY. 



Mr. D. A. Cutler, of the Rubber Goods Manufacturing Co. 

 (New York), has been appointed chairman of the rubber section 

 of the American Chemical Society. This section held its annual 

 meeting in Washington from December 27 to December 30. 

 Many interesting papers were submitted, among them one on 

 "Testing Methods of Rubber Contents in Raw and Vulcanized 

 Rubber," by Dr. W. A. Ducca ; "Commercial Compounds Used in 

 Rubber," by S. P. Thatcher ; and papers on the "Deresination of 

 Crude Rubber," by Francis R. Peabody and Victor Henzlick. 



A PROFITABLE YEAR FOR THE GOODYEAR TIRE CO. 



A recent issue of the New York "Journal of Commerce" con- 

 tains the following interesting paragraph regarding one of the 

 large Akron companies : 



"The Goodyear Tire & Rubber Co. has declared an annual 

 dividend of 12 per cent, on its common stock, payable January 1 

 to holders of record on December 22. This is an increase of 5 

 per cent, over previous disbursements, which have been at the 

 rate of 7 per cent, per annum. It is stated that the gross sales 

 of the company this year were approximately $13,000,000, and 

 next year's sales are expected to reach $20,000,000. It is claimed 

 that the company earned slightly in excess of 50 per cent, on 

 its $2,284,000 common stock during the year." 



